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June 2 has been on our radar since late March. We understood that it would have financial implications. This is what happened.
Deutsche Bank Admits Guilt In Fraud Conspiracy To Rig Precious Metals Markets
After months of “smoking guns” and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected – the biggest banks in the world have conspired to rig precious metals markets.
The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring to spoof gold, silver, platinum and palladium futures, according to court papers. Bloomberg notes that spoofing involves traders placing orders that they never intend to fill, in an attempt to manipulate the price….
Deutsche Bank declined to comment.
We have waited a long time for this market manipulation to end. At last, it appears to be going to court, and the banksters are no longer able to prevent it. If this case is successful, gold and silver may finally find their true price, instead of being suppressed at ridiculously low levels to make the fiat currencies look better.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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